Business - Entrepreneurship Updated: February 03, 2023

Naira Scarcity: IGP Orders Arrest, Prosecution Of Note Sellers

By Sydney Elike
February 03, 2023

The Inspector-General of Police, Usman Alkali Baba, has ordered the arrest and prosecution of those behind the sales and abuse of naira notes as citizens continue to groan amid the scarcity crisis.

Announcing the development on Friday, Baba instructed the Deputy Inspector-General of Police in charge of the Force Criminal Investigations Department and the Assistant Inspector-General of Police in charge of the Force Intelligence Bureau to place officers and men of the department and the bureau across the nation to be on high alert to adhere to the directive.

He disclosed that the decision is in furtherance of the federal government’s policy and drive to uphold the provisions of the CBN Act, 2007, and dignify Nigeria’s currency.

Speaking in a statement through the Force spokesperson, Olumuyiwa Adejobi, the IGP charged all supervisory AIGs and Commissioners of Police in charge of police commands and formations to carry out full enforcement of the provisions of Sections 20 and 21 of the CBN Act, 2007 which criminalizes amongst other things the hawking, selling or otherwise trading.

“And also the spraying of, dancing or matching on the Naira notes, falsifying or counterfeiting of bank notes, refusal to accept the Naira as a means of payment, tampering with the coin or note issued by the CBN", part of the statement reads.


Baba further called on members of the public to "cooperate with the police as it brings the long arm of the law to bear upon all violators of the provisions of the CBN Act, and other extant statutes in Nigeria, with a view to having a well-policed society in all ramifications within the country".

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Sydney Elike

Sydney is a graduate of Theatre Arts, a Writer, Movie Buff, Avid Reader, Video Game Enthusiast and ...

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